ESSEX estate agent, Beresfords Group, has reported a solid and resilient first quarter of 2026, with growing momentum and renewed confidence emerging in the market.
Experts at Beresfords reported that the year began with a measured and stabilising market environment, as January activity levels were more cautious following seasonal trends.
Offers agreed were down 18% year-on-year, new applicants registering dipped by 7%, and first-time buyer numbers were 10% lower. However, seller confidence remained a clear highlight, with new instructions rising by 9% compared to the same period last year.
Momentum accelerated throughout the quarter, with February and March delivering a clear uplift in activity and engagement. March, in particular, saw the strongest influx of new properties to market since June 2023, with listings up 20% year-on-year. This increase came despite wider geopolitical uncertainty, demonstrating the commitment of homeowners to move forward with their plans.
The Q1 results show positive underlying trends, including an 11% increase in properties coming to market, a 6% rise in buyer registrations, and an 8% uplift in first-time buyer activity. Whilst new sales agreed have been increasing throughout Q1, the increase at this stage hasn’t been relevant to the increase in available properties coming to market. Of all the available properties within the area, 35% have had one or more reductions from their original asking price.
Pricing across Essex remains stable*, with asking prices adjusting marginally by 1% over the past 12 months, while achieved prices have increased by 1%. The average property price now stands at £437,000. Meanwhile, available housing stock has risen significantly – up 71.6% compared to the three-year average – offering buyers greater choice and supporting a more balanced market.
The early weeks of Q2 have already reportedly shown further positive progress for the agent, supported in part by improving mortgage conditions. Following a brief increase to around 5% amid global uncertainty, interest rates have since eased to approximately 4%, with expectations of further reductions – helping to boost affordability and buyer confidence.
With a strong pipeline of stock, increasing buyer engagement and improving financial conditions, Beresfords is well positioned to capitalise on strengthening market conditions and support continued growth throughout 2026.
Mark Lawrinson, Operations Director of Residential Sales at Beresfords, said: “While the year began in a typically measured fashion, the progression through February and into March has demonstrated clear resilience and improving confidence within the market. The increase in available stock has given buyers more choice, which can naturally extend decision-making, but it’s extremely encouraging to see activity building consistently.
“What’s particularly notable is the determination from both buyers and sellers to move forward despite external factors. In recent years, a backdrop of economic uncertainty has become the norm, and many are now choosing to proceed with confidence regardless. With mortgage rates already easing from recent highs and further reductions expected, we anticipate this will continue to drive stronger activity levels through Q2 and beyond.”
Paul Beresford, CEO of Beresfords, added: “This quarter reflects a market that is adapting and stabilising in the face of ongoing change. While January presented challenges, the recovery in activity through February and March is highly encouraging and underlines the inherent strength of the Essex property market.
“Our focus remains on delivering a high-quality, personal service to every client, ensuring they feel confident and supported throughout their journey. With improving market conditions and motivated buyers and sellers, we are increasingly optimistic about the opportunities ahead for the remainder of the year.”
